Want to write your own Will? Use our free Will writing template to get started which includes everything you need to write a basic Will:
- Appoint executors
- Appoint guardians
- Detail specific gifts and legacies
- Funeral wishes
- Getting your Will witnessed
Security and peace of mind for you and your loved ones
Did you know that if your Will cannot be found after you have passed away, the law presumes that you must have destroyed it and did not wish its contents to be taken account of? This means that if your Will cannot be found after your death, either… Any previous Will found will be used Or the government will divide your estate according to the laws of intestacy. Your estate will be treated as if you never made a Will and this could mean your loved ones do not receive your assets and property as you had hoped.
The solution is to securely store your will in a purpose made facility.
Using our secure service ensures:
- Only your nominated executors are able to access your Will when the time comes
- Your Will is safe from falling into the wrong hands
- You and your executors know the exact location of your Will
- The content of the document is kept private until after your death.
We have 3 different levels of secure storage
You Wills consultant will advise you on which is best suited to your own requirements.
Your Will is securely stored and 1 additional copy is supplied to you
Your Will is securely stored, 3 additional copies of your Will are supplied and UNLIMITED aftercare/amendments
Your Will is securely stored, up to 5 additional copies of your Will are supplied and you benefit from UNLIMITED aftercare/amendments and an annual review
How to apply for storage of your Will
After you’ve written your Will, we offer a Check & Storage service. Simply send the Will to us (using the details inside the FREE DIY Will Pack), selecting which storage package you would like, and we’ll validate your will against legal requirements before putting it into our secure storage for 12 months. After which you can choose to renew your storage ongoing.
To get started download the will pack today.
A Will is an important document that should not be overlooked if you are an older adult belonging to the 45-60 age group. Studies suggest that a lot of adults, especially those belonging to the aforementioned age group in the UK do not have a Will in place, which increases the chances of their estate being declared intestate. In such a situation, the assets of the deceased are distributed as per the rules of intestacy, which could mean that the assets are not distributed as per the wishes of the deceased, at least not exactly per their wishes.
A study conducted recently has shown that very few people in the UK have Wills in place today compared to the previous years, with nearly 4 in 10 people over the age of 55, having no Will at all.
The important points of the study are discussed below:
- Over 59% of adults have not written a Will yet
- 36% of over 55s have no Will in place
- London and the north west of UK have the lowest number of people writing Wills
- About 16 % think they are not rich enough to require a Will despite the average homeowner today having over £214,000 worth of property alone to pass down to their loved ones
Here we go over the important aspects of making a Will and why it is important for an adult to have a Will in place. We will also tell you how you can write a Will easily online with the help of a Will template.
Some Basic Things about Wills in the UK That You Should Know
- Anyone above the age of 18 is eligible to draft a Will.
- If you die without a Will, all the assets in your estate is distributed by the rules of intestacy and in some worst-case scenarios – your assets will go to the State (Crown), if no beneficiaries to your estate are found by the conditions of intestacy.
- Witnesses to the Will or the Witnesses spouse or family members cannot be beneficiaries of the Will.
- Divorced partners or Unmarried couples receive no part of the deceased person’s estate unless they are specifically mentioned in the Will.
- You have the liberty to draft your own Will without using a professional solicitor
- For a Will to be deemed valid, it needs to be signed in the presence of two witnesses, who should also sign it.
- Wills do not require to be filed with courts in order to be legal.
- You must appoint a trusted executor or two to carry out the duties and wishes of your Will.
- You can also choose who you wish to exclude from receiving any part of your estate
- You can write an online Will with the help of a trust-worthy will writing service provider
What Happens If You Don’t Leave Behind A Will?
As mentioned before, if you don’t draft a Will, your estate will be distributed as per the strict criteria specified in the rules of intestacy.
By leaving behind a Will that clearly cites who should get your money and property when you die, you can prevent unnecessary distress at an already difficult time for your family and loved ones.
Also, you can ensure that all your beneficiaries are provided for and that nobody in the future can dispute your wishes by challenging the Will in court.
Rules of Intestacy
When you pass away without leaving a valid will, it is called dying intestate or intestacy.
The intestacy law differs slightly in Northern Ireland, England, Wales and Scotland but there are some common rules including:
Common Rules of Intestacy:
- If you’re unmarried and not in a civil partnership, your partner is not legally entitled to anything when you die.
- If you’re married, your wife or husband might inherit all of your estate and your children might not get anything. This is true even if you are separated, provided you’re not divorced.
- If you have children/grandchildren, how much they are entitled will depend on where you reside in the UK.
- Any Inheritance Tax owed by your estate might be way higher than it would be if you had left a Will behind.
- If you pass away and have no living close relatives, your whole estate will belong to the Crown or to the government.
Total money and property worth £8 million went to the government last year because people didn’t leave behind a legally valid Will.
Making a Will Protects Your Family
With a new member in the family, making a Will becomes the single most important thing you can do to make sure your child is provided for and cared for by people chosen by you in the event of your demise.
With a Will in place, you can be certain that your children and partner will be taken care of, if anything happens to you.
If you do not have a Will, the members of your family could receive less than what you wanted and you could leave them with an unnecessary financial mess.
Also, a Will isn’t just about money, it’s also about deciding who will be the guardian of your children if you pass away and making proper financial arrangements to support them when they grow up.
Did You Know?
Many people assume that common partners get automatic rights to inherit if their partner dies. Well, in actuality they don’t. Without a Will, your partners might have to go to court.
Fewer people are getting married these days than at any time in the last century. But sadly, the law hasn’t evolved with the times.
So, if you die without a Will, your unmarried partner isn’t legally entitled to anything.
In the worst case scenario, it could mean your partner not being able to stay in your home or not having enough money to raise your children.
While it is easier to draft a Will these days, you should not be missing out on it as having a Will in place will ensure that your partner and children get what you want them to have.
Writing a Will
You can draft your own Will in the following ways:
- By using a solicitor
- Doing it yourself using an online Will-Writing service
Use a Solicitor to Write your Will
Will solicitors are experts who have the required legal know-how and experience to draft a valid Will that can’t be disputed or challenged at any point in the future. In large estates, wherein the terms of execution are more complicated having a solicitor draft your Will, should help ensure that it’s distributed as per your wishes.
Saying that, it is also the most expensive option, and should be considered only if your affairs are complex.
Write Your Own Will Using Our Online Template
The easiest way to write a Will is to do it yourself using our online template and you don’t have to worry about its validity as our Will consultant will verify it.
You can download our online template, and put down all your wishes on it.
The template will show you what you need to do to make sure that it is signed, dated and witnessed properly. Use our free Will writing template and get started with your own Will.
It includes everything you need to write in a basic Will. You can appoint executors, guardians, specify which asset goes to whom and how much, lay down funeral wishes, name individuals you may wish to exclude and even get your Will witnessed.
Legacy Wills specialises in Wills and Trusts. Our expertise spans across the UK with experience in Will-Writing services. Download our will template and we will guide you through the entire process of drawing up your Will today!